Globalwafers aims high with SunEdison purchase

Globalwafers makes silicon wafers used in the production of computer chips

Taiwan's Globalwafers sees the acquisition of US rival SunEdison Semiconductor as a fast and comparatively inexpensive way to propel itself into the global big league, chairperson and CEO Doris Hsu says.

In an interview with FinanceAsia after the $683 million deal was announced on Thursday, Hsu said the decision to buy the Missouri-based company which will make Globalwafers the world's third-largest silicon wafer manufacturer was much cheaper and more efficient than attempting...